Description
The QM Small Creditor Portfolio Loan Features Checklist is an easy to use tool that helps creditors determine if they has have met the small creditor qualified mortgage requirements to satisfy the ability-to-repay rule. It walks creditors through a series of questions to help determine if each requirement has been satisfied. The checklist has space for specific transaction information and the lender’s signature verifying that the institution’s ATR procedures have been followed. This checklist can serve as an effective file documentation and/or audit tool.
Revised 1/2021
